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100 Waugh Dr, Houston, TX, ...

CIMA Energy Leases 20000 Square Feet From FCA At 100 Waugh Dr Houston
LEASEDOffice

CIMA Energy Leases 20000 Square Feet From FCA At 100 Waugh Dr Houston

100 Waugh Dr, Houston, TX, 77007

Building Size

20,000 SF

Asset Type

Office

Closing

Feb 14, 2017

AI

The property involved in this transaction is located at 100 Waugh Dr, Houston, TX, 77007, within the Houston market. The leased space encompasses 20,000 square feet, providing an optimal environment for the tenant's operations.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 100 Waugh Dr, Houston, TX, 77007
  • Market: Houston
  • Tenant: CIMA Energy
  • Landlord: FCA
  • Tenant's Representatives: Kevin Saxe, Matt Trozzo, Connor Tamlyn (CBRE)
  • Landlord's Representative: David Lee (Transwestern)

This lease renewal involved CIMA Energy, which was represented by CBRE’s team consisting of Kevin Saxe, Matt Trozzo, and Connor Tamlyn. The landlord, FCA, was represented in this transaction by David Lee from Transwestern, ensuring a smooth negotiation process for both parties.

Players

Kevin Saxe

CBRE

Broker

8 deals

Broker
FCA
FCALandlord

Houston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93